House Buyers 2007.... Why?

Dymetrie · 07-11-2007, 23:28

Don't get me wrong, I think that owning your own house is a great thing, or could be a great thing, or might be a great thing...

But...

In 2007, why?

It's been proven that it's no longer a saving to own your own house and for someone like me (ie: unlikely to have children or even a family) then there seems little point.

To break it down...

Good Points:

You own it.
You can do what you want to it (within the terms of the lease).
It's something for your children to inherit (HA!).
It gives you security and equity.
It is your home.

Bad Points:

You own it.
Something ****s up, you have to deal with it.
It's something your children expect to inherit.
It is your home, for better for worse yada yada yada.

Twenty, even ten years ago then it made sense to own your own home, but more recently then it's making less and less sense. My brother bought his flat three years ago and since then has been paying twice as much as he was when he was renting (he's a teaching in London so it doesn't phase him, the git), but from my perspective then it makes no sense.

I like living where I am, but I enjoy the flexibility of being able to move, being able to change where I am, what I'm doing and so on. If I bought my own place then it'd either have to be with more people than I want to own a house with, or so far away from where I work that I'd spend more time travelling to and from work than I would at home (shush Stan).

Add to that the fact that if the boiler packs in (which it has) or the roof starts leaking (which it has) then I don't have to pay to fix it, I just have to swear at the right people the right amount and it gets fixed (joking there, I'm very nice and polite to the landlord.... *sniggers*)...

Considering the fact that I am always going to be me, am not going to have children and am likely to remain somewhat of a drifter, buying a property is not something that I find enticing.

Despite this then I have a lot of respect for my contemporaries (several of them are here *waves*) who have decided to take that option, but from my point of view then I can't understand it. Maybe it's because I live in London where everything is skewed anyway, or maybe it's just because it's not something I feel is an important or required investment.

Someone tell me why I should be looking to buy my own property. Then if they could tell me how....

07-11-2007, 23:28	#1
Dymetrie A large glass of Merlot Join Date: Jun 2006 Location: Letchworth with a Lightsaber Posts: 5,819	House Buyers 2007.... Why? Don't get me wrong, I think that owning your own house is a great thing, or could be a great thing, or might be a great thing... But... In 2007, why? It's been proven that it's no longer a saving to own your own house and for someone like me (ie: unlikely to have children or even a family) then there seems little point. To break it down... Good Points: You own it. You can do what you want to it (within the terms of the lease). It's something for your children to inherit (HA!). It gives you security and equity. It is your home. Bad Points: You own it. Something ***s up, you have to deal with it. It's something your children expect* to inherit. It is your home, for better for worse yada yada yada. Twenty, even ten years ago then it made sense to own your own home, but more recently then it's making less and less sense. My brother bought his flat three years ago and since then has been paying twice as much as he was when he was renting (he's a teaching in London so it doesn't phase him, the git), but from my perspective then it makes no sense. I like living where I am, but I enjoy the flexibility of being able to move, being able to change where I am, what I'm doing and so on. If I bought my own place then it'd either have to be with more people than I want to own a house with, or so far away from where I work that I'd spend more time travelling to and from work than I would at home (shush Stan). Add to that the fact that if the boiler packs in (which it has) or the roof starts leaking (which it has) then I don't have to pay to fix it, I just have to swear at the right people the right amount and it gets fixed (joking there, I'm very nice and polite to the landlord.... sniggers)... Considering the fact that I am always going to be me, am not going to have children and am likely to remain somewhat of a drifter, buying a property is not something that I find enticing. Despite this then I have a lot of respect for my contemporaries (several of them are here waves) who have decided to take that option, but from my point of view then I can't understand it. Maybe it's because I live in London where everything is skewed anyway, or maybe it's just because it's not something I feel is an important or required investment. Someone tell me why I should be looking to buy my own property. Then if they could tell me how.... __________________ Khef, Ka and Ka-Tet....